Monetary policy is often feared to have limited traction in emerging markets. Yet, empirical evidence supporting or disproving these
Non-bank financial intermediation has grown rapidly since the global financial crisis, and its size now equals that of banks
Despite the large surge in inflation across advanced economies since 2021, long-term expectations are mostly in line with central
Non-bank financial intermediaries have surpassed banks as the largest global financial intermediaries, yet they remain lightly regulated. This column
The design of monetary policy has traditionally considered aggregate total factor productivity as an exogenous variable over which the
Firms across many advanced economies have faced a significant increase in the interest rates paid on borrowing and received
The natural rate of interest is key to understanding where interest rates may be heading in the medium run.
Public policies can have direct effects on firms, but also propagate through production networks. This column studies the spillover
Interest in wealth taxation has grown in recent years as a way to combat inequality and raise revenue, but
Household debt dynamics are widely recognised as an important driver of boom-bust cycles, but corporate debt has received less
Monetary policy is often feared to have limited traction in emerging markets. Yet, empirical evidence supporting or disproving these
Non-bank financial intermediation has grown rapidly since the global financial crisis, and its size now equals that of banks
Despite the large surge in inflation across advanced economies since 2021, long-term expectations are mostly in line with central
Non-bank financial intermediaries have surpassed banks as the largest global financial intermediaries, yet they remain lightly regulated. This column
The design of monetary policy has traditionally considered aggregate total factor productivity as an exogenous variable over which the
Firms across many advanced economies have faced a significant increase in the interest rates paid on borrowing and received
The natural rate of interest is key to understanding where interest rates may be heading in the medium run.
Public policies can have direct effects on firms, but also propagate through production networks. This column studies the spillover
Interest in wealth taxation has grown in recent years as a way to combat inequality and raise revenue, but
Household debt dynamics are widely recognised as an important driver of boom-bust cycles, but corporate debt has received less
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